64 Heathland Way 15,468 SF Office Building Neath SA10 6FS $1,892,122 ($122.32/SF) 11.15% Cap Rate
INVESTMENT HIGHLIGHTS
- Strategically located just south of Junction 43 on the M4 in Llandarcy
- The current passing rent is £172,931, which equates to £11.17 per square foot
- The building has strong environmental credentials, holding an EPC rating of B(39).
- The office building spans 15,468 sq ft and is well specified
- The building is fully let to Natural Resources Wales on a 10-year FRI lease, starting on 28th November 2019 and expiring on 27th November 2029
- Natural Resources Wales has occupied the building since 2003
EXECUTIVE SUMMARY
The freehold of this investment opportunity is available for the guide price of £1.4 million, providing a yield of 11.15%.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Tenure
Freehold
Building Size
15,468 SF
Building Class
B
Year Built
2003
Price
$1,892,122
Price Per SF
$122.32
Cap Rate
11.15%
NOI
$210,972
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
7,734 SF
Building FAR
0.70
Lot Size
0.51 AC
Parking
96 Spaces (6.21 Spaces per 1,000 SF Leased)
AMENITIES
- Energy Performance Rating - B
- Reception
- DDA Compliant
- Fully Carpeted
- Recessed Lighting
- Drop Ceiling
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CONTACTS
-
Gareth
Lloyd
-
Tom
Griffiths
-
Kate
Maffey
-
Nick
Golunski
